Comerica profit flat as revenue climbs

SimonKennedy

LONDON (MarketWatch) -- Financial services group Comerica Inc.
CMA, -0.68%
said fourth-quarter net income was $207 million or $1.25 a share, unchanged from the fourth quarter last year, but down 13% sequentially. Net interest income rose 7.5% from a year ago to $501 million and non-interest income rose 38.4% to $281 million. The company said it expects to deliver good loan growth in 2006 and will concentrate on further improving credit quality.

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